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Economy
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Call at Rs. 44 per dollar. I thing good deal of dollar selling at Rs. 44 will be seen. Oil Importing will be seen drop from major better develeoping countries than India like China. Also, Crude correction is not at all over. Crude will correct till USD 70 per Barrels. So. I see Rs. 40 per dollar revisited in medium term. Long term target for Dollar is Rs. 28-Rs.31....
In reply to:
Re not to touch 46/$ if conditions stay stable: HSBC
Posted by :
MMB Messenger
Richard Yetsenga, Regional Forex Strategist, HSBC does not see rupee at 46 to a dollar level unless the environment deteriorates. He feels that dollar should continue to strengthen globally over the next two months. 
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it is not the rupees strength but dollars weakness will rule the market. So, let us watch how far dollar will behave after alll negative effects in USA economy and the market....
In reply to:
Rupee tumbles against the dollar
Posted by : MMB Messenger
In what can be termed as important news, rupee has tumbled, with dollar strengthening across Asia; dollar is higher in the NDF (Non-deliverable forward) market as well.
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In what can be termed as important news, rupee has tumbled, with dollar strengthening across Asia; dollar is higher in the NDF (Non-deliverable forward) market as well. ...
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when we will receive dividend declaired by facor and what is the future of this script how much time it will take to cross the level of 15...
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What I see in the coming years the US economy under the new leadership has to face less problems than before. When the American economy gets stronger, it will adversely affect Indian economy. So it won\\\\`t be a surprise that rupee may cross even 50 also....
In reply to:
Re not to touch 46/$ if conditions stay stable: HSBC
Posted by : MMB Messenger
Richard Yetsenga, Regional Forex Strategist, HSBC does not see rupee at 46 to a dollar level unless the environment deteriorates. He feels that dollar should continue to strengthen globally over the next two months.
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Richard Yetsenga, Regional Forex Strategist, HSBC does not see rupee at 46 to a dollar level unless the environment deteriorates. He feels that dollar should continue to strengthen globally over the next two months. ...
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Even as signals of a growth slowdown are discernible in the wake of surging inflation and high interest rates, Finance Minister P. Chidambaram on Tuesday expressed confidence that the economy would be back on track by the second half of 2009-10.
In response to corporates’ key concerns at an interactive session with the Confederation of Indian Industry (CII) on growth slowdown, Mr. Chidambaram maintained that a moderation in the business cycle had been caused by external factors. However, since rural demand continued to be strong, he expected the country’s GDP (gross domestic product) growth to be at eight per cent plus this fiscal. The Government, he said, was pumping money into the economy through its spending on various schemes to create demand.
At the outset, CII President K. V. Kamath pointed out that even though the current pipeline of investments remained intact, fresh investment proposals were being affected by rising cost of inputs, rising interest costs and signs of slowdown in demand. On the positive side, he said there was no problem with liquidity. Banks, he said, were having sufficient funds although the availability of long-term funds remained an issue.
“While the existing investments in the pipelines were being adhered to... May be, newer projects which were at concept stage, which were at the backburner may not come to the front burner,” Mr. Kamath told newspersons after the meeting with the Finance Minister. Alongside, he did not visualise any easing of the tight money policy as long as high inflation persisted. “If inflation is an issue... till we see inflation easing, then it would be unrealistic to expect any easing of monetary policy,” he said.
Responding to this, Mr. Chidambaram agreed that there could be some holding back on new projects on account of high interest rates, but credit offtake across sectors continued to be strong. As long as inflation continued to be high, it would be difficult to moderate interest rates, he said while expecting inflation to soften by mid-November when the base year effect was likely to wear off.
The past episodes of industrial slowdown had been caused by a combination of factors such as high oil prices, slowdown in global growth, high interest rates and poor rural demand.
This time around, rural demand has remained strong while the other three factors have turned adverse. Supply constraints in sectors such as power and mining and infrastructure bottlenecks along with high interest rates have further impacted industrial growth, the industry body noted.
Mr. Chidambaram, however, advised the industry that they “should look at it positively that an 8-9 per cent growth is here to stay and this is backed by numbers.” To stress the point home, he quoted figures from CMIE which talked of a monthly accretion to new projects worth Rs. 1,50,000-1,70,000 crore (about $40 billion).
...
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Sundeep Bhandari, Regional Head, Global Market South-Asia, Standard Chartered Bank is surprised by the move in rupee. He also sees Rs 44 to a dollar next year for March level. He said on the technical basis, the traders are saying that the rupee could well head to 45.4 to a dollar in the next four-six months....
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what may be the movement of Nifty index from 25 Aug to @8 Aug 2008? Upwards or downwards and how much?...
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What may be scenerio in Indian Economy. Taking global clues in consideration....
In reply to:
Outlook on inflation highly uncertain: Bernanke
Posted by : MMB Messenger
Chairman of the US Federal Reserve Ben Bernanke said, the outlook for inflation is highly uncertain. He said, “A soft economy and a jump in inflation creates a challenging environment.” Growth is likely to fall short of potential for some time, he said. The recent decline in commodity prices and a decline in the dollar is encouraging.
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Chairman of the US Federal Reserve Ben Bernanke said, the outlook for inflation is highly uncertain. He said, “A soft economy and a jump in inflation creates a challenging environment.” Growth is likely to fall short of potential for some time, he said. The recent decline in commodity prices and a decline in the dollar is encouraging.
...
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Very true said Sir!! Acute example.
All banks have huge unaccounted money. Nobody knows, where all this money goes?...
In reply to:
More pain for banks: Loan waiver burden rises
Posted by : Leave it.
Would this commentator express her views over the unclaimed ,interest-unpaid-deposit amounts of various nature, lying in the bank\
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I am trying to recollect those matter that are cut.
Please bear with the inconvenience.
... It took more than three months to get back that debit. In the current budget all tax payers are given an increase of Rs.50000 in tax-free income tax limit. Every individual is getting petrol, LPG Gas cylinders at the subsidised price. Nearly ten thousand rupees is give as subsidy for a family even before the farmer's loan waiver scheme. How many industrial undertakings pay/paid their loan and interest? Was there any cry against it? How many companies declare dividends and pay it in time. Even AGMs are not called for since they declared dividend four months back. Have you raised the voice against such delay, though they may be with in the company law.
To confine to the point on hand, let us not make an issue for the loan waiver scheme. Banks have hidden wealth. From the missing SB/RD pass books, which you were seeing heaped in a corner of the counter, you can gauge, how they disappeared with the value involved.
So nothing is lost. It was a social obligation for the Govt. to save the farmers. Perhaps,can also be viewed as an attempt to catch votes too.If that is the line of argument, all the beneficiaries are not sure to cast the votes to the particular party to come back to powe.
I have my own view over the loan waiver scheme as above. I am happy to see that they are also treated like anybody.
If you agree, I will not disagree.
V.Krishnamoorthy
...
In reply to:
More pain for banks: Loan waiver burden rises
Posted by : Leave it.
I do not know how a portion of the post is cut. This is frequently experienced by me.If the limit is over, there must be some signal. That is not made available. I am also not able to take a review and take a copy before submitting it. The MBB should do some thing.
V.Krishnamoorthy
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I do not know how a portion of the post is cut. This is frequently experienced by me.If the limit is over, there must be some signal. That is not made available. I am also not able to take a review and take a copy before submitting it. The MBB should do some thing.
V.Krishnamoorthy...
In reply to:
More pain for banks: Loan waiver burden rises
Posted by : Leave it.
Would this commentator express her views over the unclaimed ,interest-unpaid-deposit amounts of various nature, lying in the bank\\\\`s accounts for more than 40 years? Have any of them made arragements to make the payments to the depositors? In 2002 I helped a watch man to claim his deceased father\\\\`s money,of Rs.16000 from Indian Bank ,Pondicherry. Even many educated employees, are having their in-operative accounts which they have left as it is ,on transfer and even now they are not able to get it for want of their own folly,for they are unable to quote their account numbers.
Few years back you can see many banks, keeping the unclaimed SB/RD pass books heaped in a tray on a corner of the counter. Now many banks have simply removed them, tobe seen nowhere.
A year ago I closed my special savings bank account with Bank of Baroda, Madurai-2 as they were not maintaining my account as per their own rules and lines. For every mistake I point out such as, non credit of quarterly interest, double credits of interest for the same period, wrong debit of service charges, (for issue of the cheque book for the first time itself, when there is a minimum balance of Rs.5000.), I closed the account after three years. They did not return the passbook. Fortunately I demanded it on the next day morning and they took it from the dustbin. To my suprise, I noted a debit of Rs.1128.00 as service charges under this Spl. S.B.account \\\\\\\\
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Would this commentator express her views over the unclaimed ,interest-unpaid-deposit amounts of various nature, lying in the bank\\\\`s accounts for more than 40 years? Have any of them made arragements to make the payments to the depositors? In 2002 I helped a watch man to claim his deceased father\\\\`s money,of Rs.16000 from Indian Bank ,Pondicherry. Even many educated employees, are having their in-operative accounts which they have left as it is ,on transfer and even now they are not able to get it for want of their own folly,for they are unable to quote their account numbers.
Few years back you can see many banks, keeping the unclaimed SB/RD pass books heaped in a tray on a corner of the counter. Now many banks have simply removed them, tobe seen nowhere.
A year ago I closed my special savings bank account with Bank of Baroda, Madurai-2 as they were not maintaining my account as per their own rules and lines. For every mistake I point out such as, non credit of quarterly interest, double credits of interest for the same period, wrong debit of service charges, (for issue of the cheque book for the first time itself, when there is a minimum balance of Rs.5000.), I closed the account after three years. They did not return the passbook. Fortunately I demanded it on the next day morning and they took it from the dustbin. To my suprise, I noted a debit of Rs.1128.00 as service charges under this Spl. S.B.account \\\\\\\\...
In reply to:
More pain for banks: Loan waiver burden rises
Posted by : MMB Messenger
As per the farmers’ loan waiver scheme, the Government is to repay the loans of small and marginal farmers up to February 28, 2009. The banks are to bear the burden of the interest accrued. The interest accrued from March 1 to June 30 is Rs 7,500 crore. This amount of Rs 7,500 crore includes the penal charges on farmers.
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